Indian American Padmasree Warrior, one of Silicon Valley’s high-profile women executives, has been appointed as the U.S. based chief executive officer of a Chinese firm ‘NextEV’ which is building an electric car to compete with American […]
MOSCOW (TIP): Russia’s decision to open up its oil and gas sector to Indian companies will significantly boost bilateral trade and the two sides are negotiating on some more acquisitions and projects in the hydrocarbons […]
SHANGHAI (TIP): Alibaba Group Holding Ltd has agreed to invest $1.25 billion in Chinese online food delivery service Ele.me, leading business weekly Caixin reported on Friday. The report, citing unidentified sources, said Alibaba will obtain a 27.7% stake in […]
NEW YORK (TIP): Just over a week after Samsung paid Apple more than $548 million for infringing the patents and designs of the iPhone, Apple has asked a U.S. court to force its biggest smartphone […]
NEW DELHI (TIP): On December 27 evening, on the eve of founder Dhirubhai Ambani’s 83rd birthday and amid a lot of star-studded attraction, Mukesh Ambani launched Reliance Jio, the group’s 4G telecom service, for over […]
BAI: In the aftermath of the Maggi crisis, Nestle India is aggressively trying to increase the consumption of its flagship instant noodles brand eying double digit growth, a top company executive said. It is also […]
NEW YORK (TIP): As a prelude to “Indiasoft 2016” the Consulate General of India in association with the Electronics and Software Export Promotion Council (ESC), New Delhi, organized curtain raiser discussion and presentation on Indiasoft […]
A glut of oil, the demise of OPEC and weakening global demand combined to make 2015 the year of crashing oil prices. The cost of crude fell to levels not seen for 11 years – […]
Shah Noor, a recent transplant to California from Maryland, was driving through a nearby community one evening with his wife and stopped at a 7-Eleven to get some milk. A police car pulled up with […]
New Delhi: Seeking to boost entrepreneurship at the grassroots level, the Action Plan of the ‘Start-up India, Stand-up India’ will be unveiled on January 16 said Prime Minister Narendra Modi through his last radio address for 2015. He […]
India has paid over ₹400 crore in the last four years as commitment charges to the Asian Development Bank, Japan, Germany and the International Bank for Reconstruction and Development (IBRD) for unutilised external loans taken […]
NEW DELHI (TIP): Sundar Pichai, global chief executive at Goggle, the giant search engine, believes India will become a bigger market for the company than the US sometime in the middle of 2016. In an […]
MUMBAI (TIP): Mahindra & Mahindra and Tech Mahindra agreed to buy Italian car designer Pininfarina SpA in a deal worth about euro 168 million ($185 million), underscoring the Indian vehicle maker’s international ambitions. M&M, together […]
BENGALURU (TIP): Infosys Ltd has bought a minority stake in Delaware, US-based start-up Whoop, which makes activity trackers, for $3 million, the software services firm said on Monday. The deal, which marks the Indian company’s […]
MUMBAI (TIP): Temasek Holding is set to acquire majority shares in Hyderabad-based Care Hospitals, the country’s fifth largest private healthcare network, for around Rs 1,800 crore in what is possibly the largest M&A deal in […]
The Heart of Asia Conference (HOAC) in Islamabad last week was bookended by two devastating attacks in Kandahar and Kabul. As Afghan President Ashraf Ghani was being honoured with a 21-gun salute in Islamabad, the […]
WASHINGTON (TIP): The US Federal Reserve raised, December 17, interest rates by 0.25 percentage points – its first increase since 2006. For almost a decade money has been cheap – some would argue too cheap. […]
NEW YORK: Baljeet Singh, Twitter’s product lead in charge of video, will quit the company early next month, a media report said quoting a Twitter spokesperson. Mr Singh, who works as a senior product director, […]
TIP NEWSWIRE: The names of at least six individuals with an Indian connection figure in the list of unclaimed bank accounts made public by Switzerland on Wednesday. Besides names and addresses, one entry also lists […]
NEW DELHI (TIP): A day after chief minister Arvind Kejriwal batted for carpooling as a solution to deal with the odd-even car number scheme, sources close to Uber said the cab aggregator is testing a new ride-sharing service in […]
Two months after putting together a draft framework for rules on external commercial borrowings (ECBs), the Reserve Bank of India has issued a document overhauling the existing regulations. The ramifications of the changes are slowly […]
NEW DELHI (TIP): Maruti Suzuki India Ltd, the nation’s biggest carmaker by sales, plans to raise prices of its cars by up to 20,000 rupees ($300), starting January 1, to offset cost increases and unfavourable foreign exchange rates, a company spokesman said on […]
NEW DELHI (TIP): At the World Trade Organisation (WTO) headquarters in Geneva, there have been voices— largely from the US — suggesting that a new category of countries be created apart from the three main […]
WASHINGTON (TIP): Fiat Chrysler to pay $70 million auto safety fineINGTON: Fiat Chrysler Automobiles NV has agreed to pay $70 million in fines to resolve a US investigation that it failed to disclose vehicle crash […]
NEW DELHI (TIP): The bullet train accident in China four years ago along with low-cost finance and a promise to have a substantial ‘Make in India’ component and transfer of technology clinched the deal for […]
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